Two prominent cryptocurrency veterans are advising Bitcoin holders to view the current decline as a buying opportunity rather than a market top. Former BitMEX chief Arthur Hayes and early Bitcoin investor Davinci Jeremie both told followers to stay invested, characterizing the sell-off as a forced shakeout tied to macro pressure. According to reports from BeInCrypto, Hayes specifically warned that spiking 10-year Treasury yields will force President Donald Trump to secure a trade deal with China, otherwise TradFi markets would break.
Bitcoin is currently trading at $79,525, down 1.34% over 24 hours, as reported by BeInCrypto. The price sits 37% off its October 2025 record of $126,080, reflecting the significant decline from recent highs. The slide tracks rising yields and renewed tariff tensions between Washington and Beijing, with the former BitMEX chief having already warned of a slide to $70,000 before recovery.
Colin Basco, Deribit Prime Trading quantitative strategist, told BeInCrypto that $80,000 represents a critical level to watch. According to Basco's analysis, if $80,000 flips from resistance into support, the bullish interpretation gets much stronger. He emphasized that ETF flows must continue absorbing supply, not just appearing on dips to support the market recovery.
Davinci Jeremie pushed back against market fear, highlighting that he has witnessed similar shakeout patterns five times since 2011. As reported by BeInCrypto, Jeremie bought Bitcoin near $2 when $32 was widely treated as the cycle peak, and his view is that panic sellers tend to regret their exits weeks later. Thirteen years ago, Jeremie posted a video clip that became one of Bitcoin's most cited entry calls, stating in May 2013: 'If you want to become wealthy in the future, I suggest you take $1, buy some Bitcoins, and put it in a wallet.' Bitcoin traded near $116 at the time of that video, and the pioneer crypto has since climbed more than 68,000%, turning every $1 stake into roughly $682 today.
